Amundi has extended its ESG ETF range with a suite of four smart beta ETFs, ETF Stream can reveal.
The ETFs, which are listed on Deutsche Borse and classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR), are:
Amundi MSCI World Momentum Screened Factor UCITS ETF (WMSE)
Amundi MSCI World Minimum Volatility Screened Factor UCITS ETF (WMMV)
Amundi MSCI World IMI Value Screened Factor UCITS ETF (WMMS)
Amundi MSCI World Small Cap CTB Screened UCITS ETF (WMFS)
The entire range has total expense ratios (TERs) of 0.25%.
The ETFs track their respective MSCI world factor indices, providing exposure to value, momentum, minimum volatility and low size.
WMSE, WMMV and WMMS apply similar ESG metrics, with aims to reduce the carbon equivalent exposure - a metric used to compare the emissions from greenhouse gases based on their global warming potential - by 30%, alongside improving the weighted average industry-adjusted ESG score of their respective parent indices.
The indices are rebalanced semi annually.
Benoit Sorel (pictured), global head of ETF, indexing and smart beta at Amundi, said: “The launch of this broad and competitive Global ESG Factor ETF range underscores our commitment to innovation in meeting our clients’ evolving needs.
“We are delighted to offer our clients a flexible tool to seamlessly adjust their portfolio allocations and navigate market cycles, all while integrating responsible considerations.”
Amundi recently launched Europe’s joint lowest-fee US equity ETF with a TER of 0.03% and unveiled an Indian sovereign bond ETF shortly after.
Elsewhere, Amundi nearly doubled its flows quarter on quarter in Q3.
